Technical Analysis of Indian Equities by Nooresh

Corrections are to buy ……not to short for quick money

The blog may not be updated for couple of days …..

Sensex remains a good shape jitters will come all the time when we hit new highs and corrections can be used to enter quality stocks………

Stocks to watchout for :

Taneja Aerospace if closes or stays above 213

Auto stocks Ashok Leyland and others are set for a corrective rally and a bounce of 5% in them is highly probable

Small cap bouce probable stocks

Amar remedies and Nectar Lifesciences but wait for breakout …..

Sugars Stocks the worst seems to be over and the next 2 weeks to 3 months are crucial for a possible good move….

As usual my favourite remains Shree renuka Sugars many times have recommended it in bounce….
Balrampur Chini also looks good but waiting for some good breakouts in the above ttwo…..

All in all the people stuck at higher levels remember this is not the time to part with sugars….We will wait for better breakouts and signals for a fresh buy but hold on to stuck people………

I had boldly written my negative view on sugars way back and had given 130 and 55 as levels for bajaj and balrampur where i would like them ( their lows made 134.5 and 53.5 pity close to my levels 🙂

CHeck the link below

Will be back on track with more information from Monday ….


Mumbai July 21-22..

Do register and confirm if you are serioulsy interested …

FOr our SMS service + newsletter + yahoo messenger check for details and mail to for payment details…. Honest technical analysis and market reading




Article by Nooresh Merani

Nooresh has written 2744 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment